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Document 62015TA0122
Case T-122/15: Judgment of the General Court of 16 May 2017 — Landeskreditbank Baden-Württemberg v ECB (Economic and monetary policy — Prudential supervision of credit institutions — Article 6(4) of Regulation (EU) No 1024/2013 — Article 70(1) of Regulation (EU) No 468/2014 — Single supervisory mechanism — Competences of the ECB — Decentralised exercise by the national authorities — Assessment of the size of a credit institution — Need for direct supervision by the ECB)
Case T-122/15: Judgment of the General Court of 16 May 2017 — Landeskreditbank Baden-Württemberg v ECB (Economic and monetary policy — Prudential supervision of credit institutions — Article 6(4) of Regulation (EU) No 1024/2013 — Article 70(1) of Regulation (EU) No 468/2014 — Single supervisory mechanism — Competences of the ECB — Decentralised exercise by the national authorities — Assessment of the size of a credit institution — Need for direct supervision by the ECB)
Case T-122/15: Judgment of the General Court of 16 May 2017 — Landeskreditbank Baden-Württemberg v ECB (Economic and monetary policy — Prudential supervision of credit institutions — Article 6(4) of Regulation (EU) No 1024/2013 — Article 70(1) of Regulation (EU) No 468/2014 — Single supervisory mechanism — Competences of the ECB — Decentralised exercise by the national authorities — Assessment of the size of a credit institution — Need for direct supervision by the ECB)
IO C 213, 3.7.2017, p. 26–26
(BG, ES, CS, DA, DE, ET, EL, EN, FR, HR, IT, LV, LT, HU, MT, NL, PL, PT, RO, SK, SL, FI, SV)
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3.7.2017 |
EN |
Official Journal of the European Union |
C 213/26 |
Judgment of the General Court of 16 May 2017 — Landeskreditbank Baden-Württemberg v ECB
(Case T-122/15) (1)
((Economic and monetary policy - Prudential supervision of credit institutions - Article 6(4) of Regulation (EU) No 1024/2013 - Article 70(1) of Regulation (EU) No 468/2014 - Single supervisory mechanism - Competences of the ECB - Decentralised exercise by the national authorities - Assessment of the size of a credit institution - Need for direct supervision by the ECB))
(2017/C 213/34)
Language of the case: German
Parties
Applicant: Landeskreditbank Baden-Württemberg — Förderbank (Karlsruhe, Germany) (represented by: initially by A. Glos, K. Lackhoff and M. Benzing, and subsequently by A. Glos and M. Benzing, lawyers)
Defendant: European Central Bank (ECB) (represented by: E. Koupepidou, R. Bax and A. Riso, and subsequently by E. Koupepidou and R. Bax, acting as Agents, assisted by H.-G. Kamann, lawyer)
Intervener in support of the defendant: European Commission (represented by W. Mölls and K.-P. Wojcik, acting as Agents)
Re:
Action pursuant to Article 263 TFEU for annulment of Decision ECB/SSM/15/1 of the ECB of 5 January 2015, taken pursuant to Article 6(4) and Article 24(7) of Council Regulation (EU) No 1024/2013 of 15 October 2013 conferring specific tasks on the European Central Bank concerning policies relating to the prudential supervision of credit institutions (OJ 2013 L 287, p. 63), by which the ECB refused to recognise the applicant as a less significant entity within the meaning of Article 6(4) of that regulation.
Operative part of the judgment
The Court:
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1. |
Dismisses the action. |
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2. |
Orders the Landeskreditbank Baden-Württemberg — Förderbank to bear its own costs and to pay those incurred by the European Central Bank. |
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3. |
Orders the European Commission to bear its own costs. |